Sims Metal to acquire Northeast Metal Traders.

Sims Metal, a metal recycling company, agreed to acquire Northeast Metal Traders, a non-ferrous scrap metal wholesaler and broker. Financial terms were not disclosed. "We are very excited about this bolt-on acquisition and the opportunities it opens up for the Sims Metal North America business. The Northeast brings commercial and operating synergies, as well as provides us with a significant and complementary footprint in Philadelphia," Alistair Field, Sims Managing Director and Chief Executive Officer.